Argentina's Low Foreign Reserves Hit Peso

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Ken Parks BUENOS AIRES--Argentina's international reserves are starting to dwindle in the wake of the country's second sovereign-debt default in almost 13 years, putting added stress on the peso and an economy believed to be in recession. The default ...

Dollar Lower Against Yen as Investors Lock In Profits

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Hiroyuki Kachi The dollar was lower in Asia on Thursday, after early stock market weakness prompted investors to sell the greenback to lock in profits. Subsequent trading was largely directionless, though, ahead of U.S. economic data out later in ...

CURRENCIES: Dollar Lower Against Yen As Investors Lock In Profits

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Hiroyuki Kachi The dollar was lower in Asia on Thursday, after early stock market weakness prompted investors to sell the greenback to lock in profits. Subsequent trading was largely directionless, though, ahead of U.S. economic data out later in ...

Philippines Economy Soars in Second Quarter -- Update

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Cris Larano MANILA--The Philippine economy grew 6.4% on year in the second quarter, making it one of Asia's fastest-growing countries and deepening expectations for further rate increases. While China and other Asian economies are looking at easing monetary policy ...

Italy Manufacturing Business Confidence Hits Low

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

ROME--Italian manufacturing business confidence fell to its lowest level in a year in August, pulled down by a worsening outlook for orders, weaker view for future production and drop in confidence sentiment, national statistics institute Istat said Thursday. The country ...

Brazil's IGP-M General Price Index Down 0.27% in August

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Rogerio Jelmayer SAO PAULO--Brazil's IGP-M general price index fell for the fourth consecutive month in August, reinforcing the central bank's view that inflation is likely to decelerate in the coming months. The IGP-M declined 0.27% in August, compared with ...

U.K. Retailers Report Strong Sales for August-CBI

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Jon Sindreu LONDON--Retailers in the U.K. saw sales for August grow strongly and expect them to accelerate next month, the Confederation of British Industry said Thursday, after official figures for July failed to meet expectations. In the latest quarterly ...

CBO Offers Mixed Forecast of U.S. Budget, Economy

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

WASHINGTON--The U.S. government's deficit over the next decade will be smaller than previously forecast, as a protracted period of low interest rates has slowed the increase of debt payments, the Congressional Budget Office said on Wednesday. The difference between revenue ...

Skylark To List on Tokyo Stock Exchange

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

TOKYO--Japan's restaurant-chain operator Skylark Co. received approval Thursday to list on the Tokyo Stock exchange on Oct. 9 in an initial public offering valued at around Y113 billion ($1.1 billion). The initial public offering will take place as the Tokyo ...

Spain's Economy Sinks Deeper

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

MADRID--Spain's economy sank deeper into a spiral of price declines in August, compounding worries that countries on the periphery of the euro zone may be entering a period of deflation as they struggle to rebound from recession. The National Institute ...

MARKET SNAPSHOT: U.S. Stocks: Futures Slip Ahead Of GDP Data

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Sara Sjolin, MarketWatch LONDON (MarketWatch) -- U.S. stocks were poised to break a three-day winning streak on Thursday, with futures for the three major benchmarks moving lower ahead of second-quarter data on U.S. economic growth. Futures for the Dow ...

Italy Manufacturing Business Confidence Hits Year Low in August

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Liam Moloney ROME--Italian manufacturing business confidence fell to its lowest level in a year in August, pulled down by a worsening outlook for orders, weaker view for future production and drop in confidence sentiment, national statistics institute Istat said ...

U.S. GDP Expanded at 4.2% Rate in Second Quarter

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Ben Leubsdorf and Sarah Portlock WASHINGTON--The U.S. economy's second-quarter rebound was more robust than previously thought, putting the recovery back on track as it ended its fifth year. Gross domestic product, the broadest measure of goods and services produced ...

Rising Franc Puts Spotlight on Swiss Central Bank

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Chiara Albanese Persistent geopolitical fears and rising expectations that the European Central Bank will ease policy further are heaping the pressure on the Swiss franc. The currency, which acts as a refuge when investors' risk aversion increases, is currently ...

CURRENCIES: Dollar Lower Against Yen As Investors Lock In Profits

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Hiroyuki Kachi The dollar was lower in Asia on Thursday, after early stock market weakness prompted investors to sell the greenback to lock in profits. Subsequent trading was largely directionless, though, ahead of U.S. economic data out later in ...

Hong Kong July Retail Sales Contraction Sharper Than Expected

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Chester Yung HONG KONG--Hong Kong's retail sales fell 3.1% by value in July from a year earlier, because of weaker tourist spending and a decline in sales of luxury goods, the Census and Statistics Department said Thursday. The decline ...

Belgian Inflation Plunges to Lowest Rate in Five Years in August

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Frances Robinson BRUSSELS--Belgium's inflation rate plunged to its lowest level in almost five years in August, with the consumer price index rising 0.02% in August from the year earlier, the Belgian economy ministry said Thursday. Inflation dropped to just ...

Low German Inflation Puts Pressure on ECB

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Emese Bartha FRANKFURT--German consumer-price growth stabilized at a very low rate in August, putting added pressure on the European Central Bank to take more dramatic steps to prevent ultra-low inflation from gripping the euro zone and further damaging the ...

GIC Buys in to Music-Streaming Company KKBOX

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

SINGAPORE--Singapore's sovereign wealth fund GIC Pte. Ltd. has spent US$104 million for an undisclosed stake in music-streaming service KKBOX. Taiwan-based KKBOX streams music to Japan, Hong Kong, Thailand, Taiwan and other countries in Asia. It claims 10 million users. It ...